It’s no secret that cargo theft is a growing problem across North America, with incidents increasing by 27% in 2024 alone, leading to nearly $455 million in reported losses. Organized crime groups are becoming more sophisticated, using identity theft, double-brokering schemes and fictitious pickups to steal high-value shipments. The best way to combat this is for Shippers and 3PLs to implement automated risk management solutions that enhance security, improve visibility and mitigate financial losses.
Category: risk management
Securing Shipments with Integrated Risk Management Solutions for Freight Management
Modern logistics companies face challenges like theft, fraud and unexpected delays that can derail operations. These risks can create significant disruptions, impacting profitability, customer satisfaction and supply chain efficiency. One way to combat these challenges is by integrating advanced risk management platforms into your Transportation Management System (TMS).
By leveraging real-time monitoring, predictive analytics and enhanced data security, businesses can proactively identify potential threats, streamline operations and maintain the integrity of their shipments. This approach not only minimizes financial and operational losses but also strengthens trust with customers and partners by ensuring reliable and secure delivery.